Sell Banknifty @ 41300-41400 Sl 41699 tgt 40750

Sell Banknifty @ 41300-41400 Sl 41699 tgt 40750

Banknifty Made similar closing of 41350 in 27/10/2021, 21/10/2020, 09/03/2023 again today every time there has been fall of 2000-3000 points as shown in charts.

BANK NIFTY Made high of 41517.65 (future)

Below 41358----------- if if if stays
Target : 40954--------------40819
Have patience

Comment:

Bank nifty is doing time pass for pe unless it break 41420 in cash with volumn and the 41260 no major down fall for today....... Keep eye on this

i am not bullish on this but it is killing premium for put writers

Comment:

📌Like Nifty, Banknifty also forming HNS pattern

📌 So as per pattern 41750-42000 is the major resistance zone also horizontal supply zone

📌If this level respect possible 2000 to 3000 points fall in upcoming weeks and month slowly

📌 Only closing above 42500++ pattern fail and upside rally

Order cancelled